Meanwhile, at Yishun, three-room flats were oversubscribed at only 1.5, half the overall application rate of the same flat type in Punggol. Four-room flats at Yishun was subscribed at a rate of 0.7, and five-room flats at a rate of 1.0.

This was despite the significant disparity in pricing between the two new BTO launches. Excluding grants, a 4-room flat in a Punggol BTO starts at $286,000, while a similar-sized unit in Yishun starts at $248,000. Meanwhile, a 5-room BTO flat in Punggol starts at $393,000, while a similar-sized unit in Yishun starts at $334,000.

August 2018 BTO Sizes & Prices

Source: HDB

In this article, we will explore why the newest batch of BTO flats in Punggol are so widely popular with Singaporeans.

1) Ease of connectivity

(Image source: HDB)

The two BTO developments in Punggol are Punggol Point Cove and Punggol Point Woods, which are both bounded by New Punggol Road and Punggol Way. The two sites are close to Punggol Point LRT station and the future Punggol Coast MRT station, which is slated for completion in 2023.

On the other hand, both Yishun sites are within a 2km radius to Yishun MRT station, possibly making them less appealing to homebuyers. The two BTO projects in Yishun are Melody Spring @ Yishun, and Yishun Glen. Melody Spring @ Yishun is bounded by Yishun Avenue 8 and Yishun Street 42, while Yishun Glen is bounded by Yishun Ring Road, Yishun Street 31 and Yishun Avenue 6.

Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.

Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.

Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.

On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.